Desi News

driver’s linked prepaid or savings account. It is fixed to the windscreen of the vehicle and enables the customer to drive through toll gates and plazas without having to stop to make any payments. FASTag vehicles were already mandatory for M and N class four wheel vehicles since December 1, 2017. However, the ministry issued the notification on November 6th to make it mandatory for all vehicles to have the FASTag on their car from January 1st onwards.

7. GST Registered small businesses

Businesses that have a 5crore rupee turnover will have to file for only four GST sales returns instead of 12 from this year onward. The quarterly filing of Returns with a monthly payment scheme impacts almost 94 lakh taxpayers and 92 percent of the total tax base for the goods and services tax (GST). However, with the implementation of this new rule, from January onwards, taxpayers will only need to file eight returns in a year. This benefits not only small businesses in India but also those who will be supporting the businesses themselves and gives tax relief to all.

8. The Google Pay web app

Google pay has been one of the most popularly used payment methods in India followed by Paytm. Now, Google is all geared up to kill the web app of the payment application. But why? Google will now be charging customers for using instant money transfers on the application. So far, on Google Pay, customers have been able to manage payments as well as send money from both mobile app or from google.pay. com. Now, according to the latest notice which will come into place from January 2021 onwards, the Google web app will no longer work anymore and people can only transfer money from the app on mobile phones or electronic devices.

9. The LPG Cylinder Prices

Depending on the crude rates in the international markets, Oil marketing companies in India will be revising the prices of LPG gas cylinders for everyone on the first day of every month. This will come into effect from the first of January, 2021 onwards. There is no definite way as to whether prices will increase or not. It all depends on how the market in other countries that supply oil to the country is like.

10. The rise of streaming channels and the slow shut down of Television

This is neither a rule nor mandatory compliance issued by the state but this is an aspect that has

definitely impacted the business world not just in India but throughout the entire globe. Ever since the rise of streaming channels, people have been opting for it more than Television, and here is why. Streaming channels have:

>> Rare or even no advertisements

>> HD Quality >> The best shows, movies, and

documentaries

>> Have the option of saving,

downloading, pausing, skipping, rewinding to the users’ wish.

>> Costs less a month and annually

than cable TV

>> Streaming channels such as

Hotstar now have sports and reality shows

>> TV or cable TV is only used

mostly for watching the news or live updates.

6 Huge Firms Hiked the Market

Capital Up to Rs 60,198 Crore- Including Infosys and TCS

India’s market capital is raised over 60,000 crores and the IT companies Infosys and TCS are among them. In contrast to the few of the companies are recorded the losses.

The Indian Market capital is increased by Rs 60,198 in January 2021. The 6 winner companies on the top 10 list are Reliance Industries Ltd, TCS, Hindustan Unilever Ltd, Infosys, Kotak Mahindra Bank, and Bharti Airtel. These companies are gained massive profit which added the value to capital market of the country.

India’s market capital is raised over 60,000 crores and the IT companies Infosys and TCS are among them. In contrast to the few of the companies are recorded the losses. The companies that saw a decline in the market valuation are HDFC Bank, ICICI Bank, Bajaj Finance.

The market valuation of Infosys has increased by Rs 19849 crore that reached Rs 526627 crore. TCS saw an increase of 17,204.68 crores that reached 10,91,362.33 crore and the HUL’s value is increased by Rs 16,035.72 crore to Rs 5,63,881.75 crore.

On the other side, HDFC Bank’s valuation was lowered by Rs 7,755 crore which became Rs 7,69,364.60 crore, and the Bajaj finance’s capital is declined to Rs 4,121.69 crore to Rs 3,12,360.19 crore and ICIC Bank’s is declined by Rs 2,263.57 crore to Rs 3,54,590.10 crore.